Clune & Associates LTD. Invests $388,000 in Teradyne, Inc. (NASDAQ:TER)

Clune & Associates LTD. bought a new position in shares of Teradyne, Inc. (NASDAQ:TER - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,081 shares of the company's stock, valued at approximately $388,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Compass Financial Services Inc acquired a new position in shares of Teradyne in the fourth quarter valued at approximately $33,000. AllSquare Wealth Management LLC lifted its holdings in shares of Teradyne by 200.0% during the fourth quarter. AllSquare Wealth Management LLC now owns 300 shares of the company's stock worth $38,000 after buying an additional 200 shares in the last quarter. Manchester Capital Management LLC boosted its position in shares of Teradyne by 264.0% in the fourth quarter. Manchester Capital Management LLC now owns 313 shares of the company's stock valued at $39,000 after acquiring an additional 227 shares during the period. Atala Financial Inc acquired a new position in shares of Teradyne in the fourth quarter valued at about $47,000. Finally, Brooklyn Investment Group acquired a new stake in Teradyne in the 3rd quarter worth about $52,000. Institutional investors and hedge funds own 99.77% of the company's stock.

Wall Street Analysts Forecast Growth

TER has been the subject of a number of analyst reports. Citigroup dropped their price target on shares of Teradyne from $130.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. Stifel Nicolaus reduced their target price on Teradyne from $125.00 to $110.00 and set a "hold" rating on the stock in a report on Wednesday, March 12th. UBS Group set a $130.00 price target on Teradyne and gave the company a "buy" rating in a research note on Wednesday, March 12th. Robert W. Baird decreased their target price on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Finally, TD Cowen cut their price target on shares of Teradyne from $135.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Teradyne presently has a consensus rating of "Moderate Buy" and a consensus price target of $121.44.

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Insider Buying and Selling

In other news, insider Richard John Burns sold 445 shares of Teradyne stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $49,613.05. Following the completion of the transaction, the insider now directly owns 25,191 shares of the company's stock, valued at approximately $2,808,544.59. This trade represents a 1.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Ryan Driscoll sold 437 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $102.00, for a total value of $44,574.00. Following the sale, the vice president now owns 4,312 shares in the company, valued at approximately $439,824. The trade was a 9.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,479 shares of company stock valued at $1,013,134 over the last ninety days. 0.18% of the stock is owned by company insiders.

Teradyne Trading Down 2.4 %

NASDAQ:TER traded down $2.15 during mid-day trading on Wednesday, hitting $87.80. 1,036,747 shares of the company's stock were exchanged, compared to its average volume of 2,294,695. Teradyne, Inc. has a fifty-two week low of $82.98 and a fifty-two week high of $163.21. The firm has a market capitalization of $14.20 billion, a P/E ratio of 26.38, a PEG ratio of 2.83 and a beta of 1.46. The company has a 50 day simple moving average of $110.99 and a 200-day simple moving average of $118.21.

Teradyne (NASDAQ:TER - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. As a group, analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current year.

Teradyne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a dividend of $0.12 per share. The ex-dividend date was Friday, February 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.55%. Teradyne's dividend payout ratio (DPR) is 14.41%.

Teradyne Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.